NAACP President Ben Jealous Responds to Wells Fargo Criticism

. These damages must be remedied, since it doesn’t make sense to be punished for a crime by simply having to promise not to commit the crime anymore. Wells Fargo has profited from the African American community to the tune of several billion dollars, and I am not interested in seeing this company let off the hook so easily. I don’t accuse the NAACP of letting them off the hook, but I am hopeful that additional calls for accountability will be forthcoming. There’s an old woman somewhere without a home because of Wells Fargo’s actions in the past. We need to help her too.

At the end of the day, I learned a little bit more about the NAACP and they learned a little bit more about me. I plan to continue to communicate with their leadership in hopes that we can all have an understanding of how they plan to monitor Wells Fargo and other banks that are making loans to African Americans. If the organization does half of what I’ve been told that they plan to do in this settlement, then the world will be better off. Let’s see how this one goes.

Dr. Boyce Watkins is the founder of the Your Black World Coalition and the author of the new book, “Black American Money.” To have Dr. Boyce commentary delivered to your email, please click here.

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